![]() The federal district court denied a motion to dismiss filed by the firm and ultimately granted a summary judgment motion in favor of PCB. Upon losing its motion for summary judgment, PCB non-suited the case in state court and re-filed in federal court with its basis for jurisdiction being that it was a federal holder in due course of the promissory notes at issue in the matter. The firm’s client had been sued in state court by Plains Capital Bank (PCB) under a breach of contract claim. Just ten days after oral argument, the United States Court of Appeals for the Fifth Circuit issued a favorable ruling for the firm’s client holding that the federal district court did not have jurisdiction over the case.
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